Market research firm Omdia released a report on July 8, stating that in the first quarter of 2024, MediaTek shipped 53 million 5G smartphone chips. This marks a significant 52.7% increase compared to the 34.7 million units shipped in the first quarter of 2023, surpassing Qualcomm's Snapdragon chips.
According to the report, Qualcomm's Snapdragon chips had a shipment volume of 48.3 million units in the first quarter of 2024, compared to 47.2 million units in the first quarter of 2023, reflecting a stable year-on-year growth of 2.3%. MediaTek's market share in the 5G smartphone sector rose from 22.8% in Q1 2023 to 29.2% in Q1 2024, while Qualcomm's share decreased from 31.2% to 26.5% over the same period.
Omdia attributes MediaTek's success in the 5G smartphone market to the increasing prevalence of phones equipped with 5G chipsets priced under $250, a segment where MediaTek dominates. This price range is particularly advantageous for MediaTek, as it is the preferred choice for 5G phones in this category. Qualcomm continues to lead in the mid-range 5G phone segment, while Apple dominates the high-end market.
Chips from other manufacturers, including Exynos, Google Tensor, Kirin, and Unisoc, collectively accounted for 17% of the market share. The market share of Kirin chips has further increased, driven by the high shipments of Huawei's Mate 60 Pro and Nova 12 series.
